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Hawaii's College Savings Program
3.5 / 5
Our rating
HI resident benefits
Hawaii's College Savings Program switched program managers in November 2007 from Delaware Investments to Upromise Investments, Inc., which was acquired by Ascensus College Savings in 2013. The program uses Vanguard Funds in its age-based option, four multi-fund fixed options, and four individual-fund options. Accounts can be linked to the Upromise rewards service.
Scores for each ratings category
2.0 / 5
Performance
4.33 / 5
Ease of Use
4.11 / 5
Savings Success
4.44 / 5
Program Delivery
KEY METRICS
OVERVIEW
Program type
Inception
State agency
Tax deduction
For single filers: None
For joint filers: None
Program manager
Program distributor
Manager contract term
MORE INFORMATION
Eligibility
State residency requirements:
Who can be a participant/owner in the program?
Significant time or age restrictions imposed by the program:
Contributions
Maximum contributions:
Minimum contributions:
Does the program offer an e-gifting platform for receiving gift contributions?
SPONSORED
Other great plans to consider
You are not limited to your own state's 529 plan, so compare the plan and tax benefits offered by your state to other options. Here are some plans that are available to residents of any state and have earned awards in our 529 Plan Ratings:
Investment Options
Investors in Hawaii's College Savings Program can select from the following investment options. Click on a portfolio name for more information.
| Portfolio | E.R. | % Equity | 1yr performance |
|---|---|---|---|
| Newborn through 4 years (Vanguard 87.5% Stock/12.5% Bond) | 0.6% | 87.5% | 6.23% |
| 7 through 8 years (Vanguard 62.5% Stock/37.5% Bond) | 0.59% | 62.5% | 5.8% |
| 11 through 12 years (Vanguard 37.5% Stock/62.5% Bond) | 0.59% | 37.5% | 5.05% |
| 15 through 16 years (Vanguard 12.5% Stock/87.5% Bond) | 0.59% | 12.5% | 4.43% |
| 5 through 6 years (Vanguard Growth) (formerly 0-5) | 0.59% | 75% | 5.84% |
| 9 through 10 years (Vanguard Moderate Growth) (formerly 6-10) | 0.58% | 50% | 5.4% |
| 13 through 14 years (Vanguard Conservative Growth) (formerly 11-15) | 0.58% | 25% | 4.74% |
| 17 or older (Vanguard Income) (formerly 16+) | 0.61% | 0% | 4.5% |
Age-based/Enrollment Year investment options:
Static investment options:
Underlying investments:
Underlying fund allocations:
Portfolio Fees & Performance Lookup
Fees & Expenses
Enrollment or application fee:
Account maintenance fee:
Program management fees:
Expenses of the underlying investments:
Total asset-based expense ratio:
Taxes and other Benefits
Tax deduction for single filers:
Tax deduction for joint filers:
Note:
Program match on contributions:
State tax deduction or credit for contributions:
State tax recapture provisions:
State definition of qualified expenses
State tax treatment of qualified distributions:
State tax treatment of rollovers:
Does the sponsoring state exclude the value of an account for state financial aid purposes?
Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?
Is there a rewards program or outside scholarship program that works with this program?
Statutory protection of an account from creditors:
Distributions & Terminations
To whom are distributions made payable:
Account Changes
Policy regarding participant/owner changes:
Documents, Access & Reporting
Does participant have online password-protected access to account?
Can the complete enrollment process including funding be done online?
Documents and other services accessible or downloadable on the program's public Web site:
Contact
Website:
Telephone:
A good place to start:
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